Form 4: Shimmick Director Sells Shares Under 10b5-1 Plan

Shimmick Corp Director and 10% owner Mitchell B. Goldsteen sold over 25,000 shares of common stock in mid-August 2025 through a pre-arranged 10b5-1 plan.

Summary

• Mitchell B. Goldsteen, a Director and 10% Owner of Shimmick Corp (SHIM), reported sales of common stock.
• Transactions occurred on August 11, 2025, August 12, 2025, and August 13, 2025.
• A total of 25,426 shares of common stock were disposed of across these three dates.
• The shares were sold at weighted average prices of $1.96, $1.98, and $2.10 per share, respectively.
• These sales were executed pursuant to a Rule 10b5-1 sales plan adopted by Mr. Goldsteen on August 20, 2024.
• Following these transactions, Mr. Goldsteen's indirect beneficial ownership through GOHO, LLC stands at 21,171,413 shares.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to insider selling, but the impact is mitigated by the fact that the sales were pre-planned under a Rule 10b5-1 plan, suggesting they are not a reaction to adverse non-public information.

Negatives

• The sale of shares by a director and 10% owner, even under a pre-arranged plan, reduces their direct stake in the company, which can be perceived as a slight reduction in conviction by some investors.
• The total value of shares sold amounts to approximately $52,000, representing a reduction in the insider's direct holdings.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing is a routine insider transaction report and does not provide information related to broader industry trends or competitor activities.

Related Party Transactions

• The reporting person, Mitchell B. Goldsteen, owns securities indirectly through GOHO, LLC, of which he is the sole managing member. The reported sales were of shares held indirectly through GOHO, LLC.

Stakeholder Impact

• Shareholders: The sale of shares by a director and significant owner may lead to questions about insider confidence, though the 10b5-1 plan mitigates this concern.

Key Dates

Recommendation

The insider sales were conducted under a Rule 10b5-1 plan, indicating they were pre-scheduled and not a reaction to new, material non-public information. While insider selling can sometimes be a negative signal, the pre-planned nature of these transactions reduces their significance as an indicator of future stock performance. Therefore, this filing alone does not warrant a change in investment recommendation.

Keywords

Shimmick, SHIM, insider trading, Form 4, stock sale, beneficial ownership, 10b5-1 plan, Mitchell B. Goldsteen